Soliton Systems K.K. Income Statement

Financials in millions JPY. Fiscal year is January - December.

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	19,762	18,606	19,058	19,757	17,389
Revenue Growth (YoY)	6.21%	-2.37%	-3.54%	13.62%	5.66%
Cost of Revenue	10,524	10,313	10,497	12,126	9,565
Gross Profit	9,238	8,293	8,561	7,631	7,824
Selling, General & Admin	6,392	5,127	5,012	4,723	4,605
Research & Development	-	1,120	938	866	871
Operating Expenses	6,392	6,249	5,952	5,593	5,455
Operating Income	2,846	2,044	2,609	2,038	2,369
Interest & Investment Income	68	19	73	-	20
Currency Exchange Gain (Loss)	71	124	128	94	76
Other Non Operating Income (Expenses)	-7	-	11	75	28
EBT Excluding Unusual Items	2,978	2,187	2,821	2,207	2,493
Gain (Loss) on Sale of Investments	-82	16	-2	19	-73
Gain (Loss) on Sale of Assets	44	-31	18	-5	10
Asset Writedown	-	-1	-24	-3	-1
Other Unusual Items	-1	-	-5	98	93
Pretax Income	2,939	2,171	2,808	2,316	2,522
Income Tax Expense	643	450	874	731	651
Earnings From Continuing Operations	2,296	1,721	1,934	1,585	1,871
Minority Interest in Earnings	2	4	2	2	1
Net Income	2,298	1,725	1,936	1,587	1,872
Net Income to Common	2,298	1,725	1,936	1,587	1,872
Net Income Growth	33.22%	-10.90%	21.99%	-15.22%	26.23%
Shares Outstanding (Basic)	19	19	19	19	19
Shares Outstanding (Diluted)	19	19	19	19	19
Shares Change (YoY)	0.03%	0.05%	0.06%	0.03%	-2.33%
EPS (Basic)	123.95	93.07	104.51	85.71	101.14
EPS (Diluted)	123.95	93.07	104.51	85.71	101.14
EPS Growth	33.18%	-10.94%	21.92%	-15.25%	29.24%
Free Cash Flow	-	1,845	3,553	2,193	1,998
Free Cash Flow Per Share	-	99.55	191.79	118.44	107.95
Dividend Per Share	-	52.000	24.000	16.000	14.000
Dividend Growth	-	116.67%	50.00%	14.29%	16.67%
Gross Margin	46.75%	44.57%	44.92%	38.62%	44.99%
Operating Margin	14.40%	10.99%	13.69%	10.32%	13.62%
Profit Margin	11.63%	9.27%	10.16%	8.03%	10.76%
Free Cash Flow Margin	-	9.92%	18.64%	11.10%	11.49%
EBITDA	3,193	2,391	2,924	2,491	2,830
EBITDA Margin	16.16%	12.85%	15.34%	12.61%	16.28%
D&A For EBITDA	347	347	315	453	461
EBIT	2,846	2,044	2,609	2,038	2,369
EBIT Margin	14.40%	10.99%	13.69%	10.32%	13.62%
Effective Tax Rate	21.88%	20.73%	31.13%	31.56%	25.81%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.